Property Sale Agreement
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PROPERTY SALE AGREEMENT
PROPERTY SALE AGREEMENT
THIS AGREEMENT OF SALE is entered into on [Date] by and between:
1. THE SELLER
[Seller Name]
ID: [ID]
2. THE BUYER
[Buyer Name]
ID: [ID]
In respect of the property known as [Property Address], being [Description].
1. PURCHASE PRICE AND PAYMENT
1.1 The purchase price is [Purchase Price].
1.2 The Buyer shall pay a deposit of [Deposit] upon signature, held in trust by the conveyancing attorneys.
1.3 The balance of [Bond Amount] shall be paid on registration of transfer.
2. OCCUPATION AND TRANSFER
2.1 Occupation shall be given on [Occupation Date].
2.2 Transfer shall take place within [Transfer Period] of signature of this Agreement.
2.3 The property is sold [Voetstoots] (as is), meaning the Buyer accepts the property in its current condition.
3. GENERAL
3.1 This Agreement shall be governed by the laws of the Republic of South Africa.
3.2 The Seller shall provide a rates clearance certificate from the local municipality.
3.3 The costs of transfer (bond registration, transfer duty, attorney fees) shall be borne by the Buyer.
SIGNATURE PAGE
SIGNED at ________________ on this ____ day of ________________ 20____.
SELLER:
__________________________
[Seller Name]
BUYER:
__________________________
[Buyer Name]
WITNESSES:
1. __________________________
2. __________________________
SIGNATURES
Signature
Signature Date
Signature
Signature Date